Description

It is vital to the success of your business to know and monitor the backend numbers in your business. In this episode, we review 3 important numbers to be calculating/focusing on to make sure you are bringing in the profit you deserve.

1. Owning or Renting a Space: Your mortgage or rent per month should be 12% of your total revenue. (monthly revenue) x .12= (monthly rent)
2. Supply Cost: Your budget on back bar supplies should be no more than 15%. (Cost for back bar supplies) / (Total monthly revenue) = % supply cost
3. Calculate Target Profit: Unseen costs can contribute to service providers only getting a 25-35% profit. Your goal should always be 50%.

DRINK: Starbucks Sugar Cookie Drink

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